Because Notre Dame is leaving the Big East under a Mutual Commitment Agreement (the same method as the Catholic Seven left), the school is not subject to a traditional exit fee, according to the report. Notre Dame's fee will likely end up forgoing any claims on the estimated $70 million that the Big East has in exit and entry fees, according to the report.

The ACC will now have 15 basketball schools for the 2013-14 season as Syracuse and Pittsburgh will join the league as well. Louisville will join the conference for the 2014-15 season, which is the same time Maryland is scheduled to depart the ACC for the Big Ten.

“That’s what we’ve talked about, that’s what we’ve talked about with our scheduling stuff now that we know we have direction,” Brey told the Tribune last week. “We felt it happened fast, the Catholic school split, we would have some options (with the ACC). It did happen fast. That’s what I’m assuming, and I think we’re all expecting that in the department.”